Floating-Rate Bonds Are Designed to ___________, While Convertible Bonds Are

Floating-rate bonds are designed to ___________, while convertible bonds are designed to __________.

A) minimize the holders' interest rate risk; give the investor the ability to share in the price appreciation of the company's stock
B) maximize the holders' interest rate risk; give the investor the ability to share in the price appreciation of the company's stock
C) minimize the holders' interest rate risk; give the investor the ability to benefit from interest rate changes
D) maximize the holders' interest rate risk; give investor the ability to share in the profits of the issuing company
E) None of the options are correct.

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